Middle East

Norwegian competition watchdog clears Maersk

January 17, 2022

Credit: Maersk Drilling

Norwegian competition authorities have approved a merger between marine drilling contractors Maersk Drilling and Noble Corporation.

Denmark’s Maersk Drilling and US rival Noble Corp announced a $ 3.4 billion deal proposed in November 2021 to establish one of the world’s largest offshore oil drilling rig companies.

The merger is subject to, among other things, approval by antitrust laws and foreign direct investment authorities in the United Kingdom, Norway and Denmark, as well as other specific jurisdictions agreed between the parties.

According to a Maersk Drilling statement released on Monday, the Norwegian competition authorities (Konkurransetilsynet) have considered the merger application based on the filings submitted and have not objected to the business combination.

“The process for obtaining other approvals is underway. States parties may determine whether all required approvals and consents will be obtained, and if so, the timing or terms of such approvals. We cannot provide any warranty, “Maersk Drilling said.


https://www.oedigital.com/news/493534-norwegian-competition-watchdog-clears-maersk-drilling-noble-corp-merger Norwegian competition watchdog clears Maersk

Back to top button